Donkey Republic announces guidance for 2026 and confirms guidance for 2025.

Company Announcement No. 01 - 2026

This announcement contains inside information

Guidance 2026

The company anticipates an exciting 2026, driven by the planned launch of two major projects in the Ruhr region and Düsseldorf. While the full financial impact of these rollouts won't be realized until 2027, the company expects that both operations will contribute positively to the year's performance, even when factoring in the initial rollout costs. The company's projections for the 2026 results are as follows:

Revenue
Expected at the level of DKK179M-194M 

EBITDA
Expected at the level of DKK 34M-45M 

EBIT
Expected at the level of DKK 1M-9M

Assumptions
2026 guidance is based on the following assumptions:

• A timely roll-out of the Ruhr Region and Düsseldorf operations.
• Continued ability to operate subsidized operations within the service level agreements and ongoing increase of the fleet utilization 
• Continued demand and operational conditions for our existing bike sharing systems, i.e. no significant changes within the competitive landscape, no larger deviation in precipitation compared to the last years' average and continuous functioning of the bike fleet as expected

• Current scope of operation as well as reliability and maintenance needs of the fleet remain on the expected level. 

Guidance 2025
The company confirms that the guidance for the 2025 results remains in line with the figures previously communicated to the market. Revenue is anticipated to fall within the lower range of the guidance, while EBITDA and EBIT are expected to be in the mid-to-low range.

• Revenue: DKK165M-185M 
• EBITDA: DKK 22M-32M 
• EBIT:DKK-5M-2M 

The Q4-2025 report will be published together with the annual report 2025, which will be published on the 17th of March 2026.